Skip to content
etf.net

BTCZ vs RWM

T-Rex 2X Inverse Bitcoin Daily Target ETF

BTCZCCboe

ProShares Short Russell2000

RWMBNYSE Arca

Overlap

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

BTCZ0.95%RWM0.95%

Avg volume · 30D

RWM 1.6×the volume

BTCZ18.5MRWM30M

BTCZ vs RWM Performance

Oct 31, 2025 – Nov 2, 2026

+16.6%BTCZ−10.1%RWM

Oct 31, 2025 to Nov 2, 2026. BTCZ +16.6%. RWM −10.1%. Use the arrow keys to read each point.50%100%150%Oct 2025May 2026Nov 2026
Expense ratio
BTCZ 0.95%
RWM 0.95%
Fund size
BTCZ $12M
RWM $163M
1Y total return
BTCZ +16.6%, better
RWM −10.1%
Yield (12M)
BTCZ 0.03%
RWM 3.31%, better
Holdings
BTCZ 2
RWM 3
Avg volume (30D)
BTCZ 18.5M sh
RWM 30M sh, better
NAV per share
BTCZ $3.44
RWM $14.37
52W range

ETF.net Grade

BTCZ: Cost 50, Risk 36, Mission not scored, Tradability 53, Holdings not scored, Durability 30. RWM: Cost 50, Risk 60, Mission not scored, Tradability 90, Holdings 63, Durability 69.
Pillar letters and Scores for BTCZ, RWM, with each pillar’s weight
PillarBTCZRWM
Cost30% weightC50C50
Mission25% weightNot scoredNot scored
Risk15% weightD36B60Higher
Tradability15% weightC53A90Higher
Holdings10% weightNot scoredB63
Durability5% weightD30B69Higher

Rank among Leveraged Inverse (2x & Other) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BTCZ and RWM are both graded against the same 53 Leveraged Inverse (2x & Other) funds, so their Grades compare head to head.

Leveraged Inverse (2x & Other)⁠

Category · 53 funds
See all 53 ›

RWM ranks 4th and BTCZ 26th of 53 funds in the Leveraged Inverse (2x & Other) Category.

  1. Rank 1BDOGProShares Short Dow30Score 65
  2. Rank 1BPSQProShares Short QQQScore 65
  3. Rank 1BSVXYProShares Short VIX Short-Term Futures ETFScore 65
  4. Rank 4BRWMProShares Short Russell2000Score 63
  5. Rank 5BSJBProShares Short High YieldScore 62
  6. Rank 25CETHDProShares UltraShort Ether ETFScore 47
  7. Rank 26CBTCZT-Rex 2X Inverse Bitcoin Daily Target ETFScore 46
  8. Rank 27CEPVProShares UltraShort FTSE EuropeScore 44

Our read on each fund

ETF.net Research

BTCZCT-Rex 2X Inverse Bitcoin Daily Target ETF

RWMBProShares Short Russell2000

In short

BTCZ No data

RWM Short small caps at one speed: RWM targets the inverse of the Russell 2000's daily move, with no 2x or 3x multiplier on top. Trading since 2007, at 0.95% net of a waiver through September 30, 2027.

Stated mandate

BTCZ No data

RWM The fund seeks daily investment results, before fees and expenses, that correspond to the inverse of the Russell 2000 Index's daily performance.

Why people hold it

BTCZ No data

  • RWM Straight -1x, not a multiplier: it tracks the inverse of the Russell 2000's daily move, where stablemate TWM targets -2x on the same index.proshares.com
  • ProShares calls it the only -1x ETF tied to the Russell 2000, the index of the 2,000 smallest US names in the Russell 3000.proshares.comproshares.com 2
  • Trading since January 2007 and one of the busier funds in the inverse-equity aisle, so entering and exiting is rarely the hard part.
  • Fee is 0.95% net of a waiver through September 30, 2027 (1.05% gross), near what this category charges, and it rates among the strongest builds in its peer group.

Worth knowing

BTCZ No data

  • RWM The -1x target resets daily. Hold longer and compounding rules: ProShares says multi-day returns can differ significantly from the target, in amount and even direction.proshares.comproshares.com 2
  • Symmetric by design: on days the Russell 2000 climbs, the fund is built to lose roughly as much as the index gains.proshares.com
  • Fund documents tell investors to monitor holdings as frequently as daily, which puts this at the hands-on end of the shelf.proshares.com

Full BTCZ profile⁠

Full RWM profile⁠

BTCZ vs RWM Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BTCZ vs RWM Cost

Same expense ratio

$17,869

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BTCZ 0.95%

    $17,869

  • RWM 0.95%

    $17,869

$10,000
30 years

Cost over time

  • BTCZ 0.95%
  • RWM 0.95%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530BTCZ $17,869RWM $17,869

Year by year

YearBTCZRWM
10$1,678$1,678
20$6,322$6,322
30$17,869$17,869

Expense ratio

  • 0.95%BTCZ
  • 0.95%RWM
  • Middle half of Leveraged Inverse (2x & Other) funds
  • Median 0.95%

BTCZ 6th cheapest of 53 funds

RWM 6th cheapest of 53 funds

BTCZ vs RWM Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
BTCZ 0.03%
RWM 3.31%, better
Payout (12M)
BTCZ $0.001
RWM $0.48
Last payment
BTCZ $0.001
RWM $0.09
Ex-dividend
BTCZ Dec 24, 2025
RWM Sep 23, 2026
Paid on
BTCZ No data
RWM Sep 29, 2026
Frequency
BTCZ Annual
RWM Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

BTCZAnnual · 2 paymentsAll BTCZ payments⁠
One bar per payment. 2 payments from 2017 to 2026 YTD. Dec 24, 2024 $0.005; Dec 24, 2025 $0.001. Use the arrow keys to read each point.$0$0.252017202020232026YTD
RWMQuarterly · 26 paymentsAll RWM payments⁠
One bar per payment. 26 payments from 2017 to 2026 YTD. Dec 26, 2017 $0.03; Mar 21, 2018 $0.04; Jun 20, 2018 $0.10; Sep 26, 2018 $0.14; Dec 26, 2018 $0.13; Mar 20, 2019 $0.11; Jun 25, 2019 $0.18; Sep 25, 2019 $0.15; Dec 24, 2019 $0.14; Mar 25, 2020 $0.05; Dec 22, 2022 $0.10; Mar 22, 2023 $0.15; Jun 21, 2023 $0.24; Sep 20, 2023 $0.27; Dec 20, 2023 $0.35; Mar 20, 2024 $0.26; Jun 26, 2024 $0.29; Sep 25, 2024 $0.28; Dec 23, 2024 $0.30; Mar 26, 2025 $0.14; Jun 25, 2025 $0.20; Sep 24, 2025 $0.13; Dec 24, 2025 $0.18; Mar 25, 2026 $0.06; Jun 24, 2026 $0.14; Sep 23, 2026 $0.09. Use the arrow keys to read each point.$0$0.252017202020232026YTD

BTCZ vs RWM Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BTCZ 85.5%since Aug 2024RWM 18.4%
Return per unit of riskSharpe ratio, 3 years
BTCZ −0.47since Aug 2024RWM −0.99
Worst fallMax drawdown, 5 years
BTCZ −91.1%since Jul 2024RWM −43.7%
Market sensitivityBeta, 5 years
BTCZ −1.36RWM −1.23

Popular comparisons

  • BTCZCvsDOGB

    T-Rex 2X Inverse Bitcoin Daily Target ETF · ProShares Short Dow30

    Expense ratio
    0.95% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • RWMBvsDOGB

    ProShares Short Russell2000 · ProShares Short Dow30

    Expense ratio
    0.95% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • BTCZCvsPSQB

    T-Rex 2X Inverse Bitcoin Daily Target ETF · ProShares Short QQQ

    Expense ratio
    0.95% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • RWMBvsPSQB

    ProShares Short Russell2000 · ProShares Short QQQ

    Expense ratio
    0.95% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • BTCZCvsSVXYB

    T-Rex 2X Inverse Bitcoin Daily Target ETF · ProShares Short VIX Short-Term Futures ETF

    Expense ratio
    0.95% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • RWMBvsSVXYB

    ProShares Short Russell2000 · ProShares Short VIX Short-Term Futures ETF

    Expense ratio
    0.95% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.